KPMG, Microsoft RegTech Series 2022

Event 1 with LeapXpert - 25 February 2022; Event 2 with Fano Labs - 11 March 2022; Event 3 with Know Your Customer - 25 March 2022

Event 1 - 25 February 2022; Event 2 - 11 March 2022; Event 3 - 25 March 2022

cyber padlock

The use of technology in risk and compliance is being heavily advocated by the regulators here in Hong Kong as well as regionally and globally. However, our research and recent work with the HKMA has shown that adoption is still low across the market with many financial institutions still examining potential use cases and corresponding technology solutions.

KPMG and Microsoft are co-hosting a series of webinars together with our solution partners to discuss how financial institutions can adopt RegTech to enhance the efficiency and effectiveness of risk management and regulatory compliance.

Event 1 - Digital communication and messaging

08:45 – 10:00, 25 February 2022

Effective surveillance of digital communication and messaging is a key area of focus for both the regulators and senior management with the recent fines in the US from the US Securities and Exchange Commission (SEC) around the use of personal devices when interacting with customers being a case in point. In the UK, the Financial Conduct Authority (FCA) has initiated probes on certain institutions and issued guidance on strengthening oversight of digital communications.  In Hong Kong, the Securities and Futures Commission (SFC) has issued guidance on remote working which requires intermediaries to establish appropriate surveillance systems for transactions, electronic communications and telephone calls, to detect breaches of legal and regulatory requirements or the intermediary’s own policies and procedures.

Financial institutions need to demonstrate that their surveillance systems cover all relevant forms of electronic communications including instant messaging.

Together with LeapXpert, we will host the first webinar on 25 February covering the “Conduct &  Customer Protection” theme, with a focus on areas related to digital communication and messaging such as:

  • Sales practices and suitability
  • Monitoring and surveillance of employees
  • Customer data and privacy
  • Customer experience
  • Change management and business impact

During the session KPMG subject matter experts and representatives from Microsoft and LeapXpert will share insights on how technology is being used to address this critical regulatory theme. 

Event 2

08:45 – 10:00, 11 March 2022

The second webinar with Fano Labs on 11 March focuses on the application of voice analytics to areas like suitability, disclosures, surveillance and enhancing operational efficiency. Fano Labs is one of the leading AI companies in Greater China with specialists focusing on AI technologies to help enterprises with customer services, compliance and other lines of business. More details will be provided in due course.

Event 3

08:45 – 10:00, 25 March 2022

The third webinar on 25 March, in partnership with Know Your Customer (KYC), will focus on leveraging automation and digital solutions to enhance governance and compliance during client onboarding. To this day, KYC and KYB procedures in financial services remain mostly manual, inefficient and extremely expensive. Join us to discover how specialised RegTech technology helps financial institutions strengthen AML governance and improve the customer onboarding experience while reducing the overall cost of KYC and KYB.

informative image